Understanding the Market | The non-ferrous metal concept performs actively as expectations for Federal Reserve interest rate cuts continue to rise, institutions are optimistic about the upward trend in the non-ferrous industryUnderstanding the Market | ASCENTAGE-B rises over 6% as Nalik® POLARIS-1 study receives approval from the US FDA and European EMAPerformance improved by 25%! Amazon's new generation self-developed server chip Graviton5 is launched, challenging the x86 hegemonyGuotai Junan Securities: Initiates coverage on Alibaba-W with a "Buy" rating and a target price of HKD 192.48Is Doubao AI's mobile phone competitor Xiaomi? Goldman Sachs: AI "system-level integration" faces challenges, which further validates Xiaomi's long-term competitivenessThe super cycle has just begun! Morgan Stanley: The pricing power of traditional storage will "further strengthen" in 2026Breakfast | Interest rate cut expectations continue to rise, S&P and Nasdaq rise for three consecutive daysNVIDIA's "Cash Empire" Emerges: Jensen Huang Builds AI Ecosystem Firewall, Future to Use Strategic Investments to Replace Large Mergers and AcquisitionsThis could be the most expensive and highly anticipated IPO of next year: OpenAI and AnthropicApple officially announces the annual Best App Award, with the visual AI planning tool Tiimo taking the top spot"Shadow Fed Chair" Hassett speaks out: The Federal Reserve should cut interest rates next week, expecting a 25 basis points reductionWhy is Altman in a hurry?The United States cannot bear higher interest ratesUS Stock Fund Activity List | Tesla Rises Nearly 2%, Ranks Among the Top 10 American Automotive BrandsReminder: Please pay close attention to the following (all in Beijing time)December 5th External Headlines: Trump Tightens Immigration Work Permits, Meta Plans to Cut Investment in Metaverse Business, U.S. Federal Housing Finance Agency Director Suspected of Abuse of PowerMicrosoft raised the prices of Office business subscriptions in July, with a price increase of up to 33% for frontline worker productsReports indicate that the production of AI chips is expected to double next year, with Cambricon surging in the late trading session, and a late-night "serious statement": untrueAfter the redemption restriction turmoil, the popular PE Blue Owl raised $1.7 billion for its data center dedicated fundThe U.S. government's outstanding national debt has surpassed $30 trillion for the first time, doubling since 2018Commodity trading giant adds fuel to the fire: Mercuria was reported to have planned to withdraw over 40,000 tons of copper from LME warehousesGoldman Sachs suspends bond issuance for digital center company related to the incident with the Chicago Mercantile ExchangeAmazon's influence in the U.S. shipping market continues to expandAiming at the billion-dollar market of Anthropic! Google enters the AI coding battle and reaches a multi-year partnership with ReplitMeta rose 4.0% and plans to cut its metaverse budget by 30%Former Intel CEO: Google makes a strong comeback with Gemini 3Investors bet that Google's TPU could become a multi-hundred-billion-dollar opportunityNVIDIA has a "happy trouble": too much cashDecember A-share Market Style Outlook: Large Cap First, Growth Before ValueSources: Meta plans to implement a budget cut of up to 30% for its metaverse division next yearMark Zuckerberg of Meta Platforms plans to cut the Metaverse budget by 30%Global news you need to know before the U.S. stock market opens on ThursdayJensen Huang's 10,000-word interview: The AI competition has no "finish line," technological iteration is key, and for 33 years, I have felt that the company could go bankrupt every dayThe number of initial jobless claims in the United States unexpectedly fell to a three-year low last week, with no signs of deterioration in the labor marketRevelio Labs stated that the U.S. non-farm payrolls decreased by 9,000 in NovemberGoogle's AI chips are hailed as a "secret weapon" that could generate nearly one trillion dollars in revenueIs NVIDIA trembling? Google's TPU is expected to become a "revenue-generating artifact" with sales aiming for nearly one trillion dollarsChina Merchants Securities: Incremental funds in December are expected to maintain a stable net inflow overall, and foreign capital activity may continue to riseGoogle's "secret weapon" - TPU will support a $900 billion super track?Amazon is exploring the termination of its partnership with the United States Postal ServiceU.S. Stock Outlook | Three Major Index Futures Rise Together, Snowflake Plummets After Earnings, BlackRock Supports AIFacing TPU and Trainium? NVIDIA once again publishes a statement to "prove" that GB200 NVL72 can enhance the performance of open-source AI models by up to 10 timesAlibaba, ByteDance, and Li Auto are rushing into the market; are AI glasses becoming the 'next big thing'? (Minutes)Guo Yingcheng appears, KAISA GROUP embarks on a new path to debt resolution